G. H. Griffiths & Sons Limited Company accounts

COMPANY REGISTRATION NUMBER: 02693190

G. H. Griffiths & Sons Limited

Financial Statements

For the year ended

31 March 2025

G. H. Griffiths & Sons Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	6

Statement of income and retained earnings	10

Statement of financial position	11

Statement of cash flows	12

Notes to the financial statements	13

G. H. Griffiths & Sons Limited

Strategic Report

Year ended 31 March 2025

The Directors present their strategic report for the year ended 31 March 2025.

G. H. Griffiths & Sons Limited operates its core function of garage proprietors.

The Company's turnover for the year was £17,607,415 (2024: £15,050,557), representing an increase of £2,556,858 (16.99%). As a result of the increase in turnover, the Company's gross profit margin increased from 16.6% in 2024 to 17.1% in 2025. The Company generated profits before tax of £732,843 (2024: £1,166,079) for the year ended 31 March 2025.

Principal risks and uncertainties The company benefits from the close commercial relationships with a number of key customers and suppliers. The loss of any of these key customers or suppliers, or significant worsening in commercial terms, could have a material impact on the trading results. Business review During the current year, the Company acquired a new site in Miskin in order to grow the Company. The site was acquired in June 2024 and has contributed toward the increase in revenue for the current year of £2.6m. Moving forward, the directors will continue reviewing potential new sites as part of the ongoing growth strategy. Principle risks Increases in oil prices/scarcity of oil would have a significant impact on the business. Any increases in the price of oil would be passed on to consumers which could have an adverse impact on trading results. However, this risk is partially mitigated by the current reliance of the general population on petrol cars in the UK.

The Company's key performance indicators are turnover, utilisation of staff and their safety, and accumulation of shareholders funds. These are reviewed by the directors regularly throughout the year and measured against budgets. Turnover and staff numbers for the company were as follows:

	2025	2024
	£	£
Turnover	17,607,415	15,050,557
Average number of employees	59	50

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr G H Griffiths

Director

Registered office:

Griffiths Forecourts

Llantwit Main Service Station

Beddau

Pontypridd

United Kingdom

CF38 2FF

G. H. Griffiths & Sons Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year continued to be that of garage proprietors.

Directors

The directors who served the company during the year were as follows:

Mr G H Griffiths
Mr D J Griffiths	(Appointed 1 April 2024)
Mr K B Griffiths	(Appointed 1 April 2024)

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Future developments

Post year end trading results are consistent and in line with the Directors expectations.

Building business resilience is central to our strategy by looking after the health and wellbeing of our colleagues, working closely with our clients and suppliers all underpinned by diligent cash management. Key business metrics are kept under ongoing review and risk registers are updated regularly.

The Directors' and leadership team's focus remains on creating long-term stakeholder value by continued product development and service differentiation, supported by professional development of our people, systems and processes to build a responsible, sustainable, efficient and flexible organisation.

Financial instruments

Price risk

The Company operates in a highly competitive market. Significant product innovations, technical advances or the intensification of price competition could adversely affect the results of the Company.

Credit risk

The Company has well established policies and procedures that require appropriate credit checks on potential customers before contracts and services are provided. The amount of exposure to any individual customer is subject to a limit which is reassessed by the company on a regular basis.

Liquidity risk

The Company has accumulated cash reserves over the years and therefore does not need to rely on any overdraft facilities and has sufficient liquidity to settle all liabilities as they fall due.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr G H Griffiths

Director

Registered office:

Griffiths Forecourts

Llantwit Main Service Station

Beddau

Pontypridd

United Kingdom

CF38 2FF

G. H. Griffiths & Sons Limited

Independent Auditor's Report to the Members of G. H. Griffiths & Sons Limited

Year ended 31 March 2025

Qualified opinion

We have audited the financial statements of G. H. Griffiths & Sons Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, except for the effects of the matter described in the basis for qualified opinion section of our report, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. As noted in our paragraph opinions on matters prescribed by the Companies Act 2006, the 31 March 2024 accounts were not audited. Due to this we did not attend to physically inventory the stock levels held at that date. We were unable to satisfy ourselves by alternative means concerning the inventory of quantities held at 31 March 2024 and consequently could not determine if an adjustment was required in the financial statements of that year or whether the movements in the current year were materially correct.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. As described in the basis of qualified opinion section of our report, we were unable to satisfy ourselves concerning the stock held as at 31 March 2024. We have concluded that where other information refers to overall profits which would be impacted by stock we also cannot satisfy ourselves on the completeness of this data.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

The results for the year ended 31 March 2024 were not audited. We have nothing additional to report on this matter outside of what is disclosed in our basis of qualified opinion and other information section.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant including UK Companies Act, employment law and tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. - We understood how the Company is complying with those legal and regulatory frameworks by, making inquiries to management, those responsible for legal and compliance procedures and the company secretary. - The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area. - We assessed the susceptibility of the Company financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included: - Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; - Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; - Challenging assumptions and judgments made by management in its significant accounting estimates; and - Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Catherine Ingram FCCA

(Senior Statutory Auditor)

For and on behalf of

Xeinadin Audit Limited

(Statutory Auditor)

Suite 2D, Building 1

Eastern Business Park

St. Mellons

Cardiff

CF3 5EA

23 December 2025

G. H. Griffiths & Sons Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	17,607,415	15,050,557

Cost of sales	14,585,689	12,550,055
	-------------	-------------
Gross profit	3,021,726	2,500,502

Administrative expenses		2,311,560	1,377,718
Other operating income	5	17,475	14,232
		------------	------------
Operating profit	6	727,641	1,137,016

Other interest receivable and similar income	10	5,202	29,778
Interest payable and similar expenses	11	–	715
		------------	------------
Profit before taxation		732,843	1,166,079

Tax on profit	12	209,058	298,490
		---------	------------
Profit for the financial year and total comprehensive income		523,785	867,589
		---------	------------

Dividends paid and payable	13	( 274,000)	( 303,500)

Retained earnings at the start of the year	3,806,442	3,242,353
	------------	------------
Retained earnings at the end of the year	4,056,227	3,806,442
	------------	------------

All the activities of the company are from continuing operations.

G. H. Griffiths & Sons Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	14		4,313,829	1,701,759

Current assets

Stocks	15	560,300	347,027
Debtors	16	11,772	28,316
Cash at bank and in hand		691,998	3,048,163
		------------	------------
		1,264,070	3,423,506

Creditors: amounts falling due within one year	17	1,457,782		1,271,101
		------------		------------
Net current (liabilities)/assets			( 193,712)	2,152,405
			------------	------------
Total assets less current liabilities			4,120,117	3,854,164

Provisions

Taxation including deferred tax	18	63,790	47,622
		------------	------------
Net assets		4,056,327	3,806,542
		------------	------------

Capital and reserves

Called up share capital	21	100	100
Profit and loss account	22	4,056,227	3,806,442
		------------	------------
Shareholders funds		4,056,327	3,806,542
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr G H Griffiths

Director

Company registration number: 02693190

G. H. Griffiths & Sons Limited

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	523,785	867,589

Adjustments for:
Depreciation of tangible assets	132,403	74,070
Other interest receivable and similar income	( 5,202)	( 29,778)
Interest payable and similar expenses	–	715
Gains on disposal of tangible assets	–	( 18,504)
Tax on profit	209,058	298,490
Accrued expenses	5,230	150

Changes in:
Stocks	( 213,273)	144,250
Trade and other debtors	16,544	( 3,966)
Trade and other creditors	181,451	251,954
	---------	------------
Cash generated from operations	849,996	1,584,970

Interest paid	–	( 715)
Interest received	5,202	29,778
Tax paid	( 192,890)	( 288,177)
	---------	------------
Net cash from operating activities	662,308	1,325,856
	---------	------------

Cash flows from investing activities

Purchase of tangible assets	( 2,744,473)	( 66,858)
Proceeds from sale of tangible assets	–	21,000
	------------	------------
Net cash used in investing activities	( 2,744,473)	( 45,858)
	------------	------------

Cash flows from financing activities

Dividends paid	( 274,000)	( 303,500)
	------------	------------
Net cash used in financing activities	( 274,000)	( 303,500)
	------------	------------

Net (decrease)/increase in cash and cash equivalents	( 2,356,165)	976,498
Cash and cash equivalents at beginning of year	3,048,163	2,071,665
	------------	------------
Cash and cash equivalents at end of year	691,998	3,048,163
	------------	------------

G. H. Griffiths & Sons Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Griffiths Forecourts, Llantwit Main Service Station, Beddau, Pontypridd, CF38 2FF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

(i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes to the accounts for the carrying amount of the property plant and equipment and for the useful economic lives for each class of assets. (ii) Stock provision The company utilises materials in its provision and is subject to varying raw material prices. As a result is necessary to consider the recoverability of the cost of the stock and the associated provision required. When calculating the inventory provision, management consider the nature and condition of the inventory, as well as applying assumptions around anticipated saleability of finished goods and future use of raw materials.

Revenue recognition

Revenue comprises the fair value of consideration received or receivable for the sale of goods and services in the ordinary course of business. Revenue is shown net of value-added tax (VAT) and discounts. Revenue from motor fuel sales is recognised at the point of sale when the fuel is dispensed to the customer. This represents the point at which the risks and rewards of ownership are transferred, and the company has satisfied its performance obligation. Revenue from shop and confectionary sales is recognised at the point of sale when the customer pays for and collects the goods. Control is deemed to transfer at this time, completing the performance obligation. Revenue from tobacco sales is recognised at the point of sale when the customer purchases and takes possession of the goods. The company ensures compliance with all applicable laws and regulations related to the sale of tobacco products. Revenue from car wash services is recognised when the service is performed. Commission earned from acting as an agent for lottery sales is recognised as revenue at the point of sale when the company has fulfilled its performance obligation by completing the sale on behalf of the lottery operator. Revenue is recognised as the net commission amount earned. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures & fittings	-	15% straight line
Motor vehicles	-	25% straight line

Land - no depreciation

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. The company utilizes the First-In, First-Out (FIFO) method for all inventory valuation and cost of goods sold (COGS) calculations. This policy ensures that the cost assigned to goods sold is based on the cost of the earliest acquired inventory, while the remaining ending inventory is valued based on the most recent purchase costs.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	17,562,453	15,020,494
Rendering of services	21,181	23,909
Commissions	23,781	6,154
	-------------	-------------
	17,607,415	15,050,557
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

	2025	2024
	£	£
Other operating income	17,475	14,232
	--------	--------

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	132,403	74,070
Gains on disposal of tangible assets	–	( 18,504)
Rent	30,000	30,000
(Gain)/loss on disposal of scrapped assets	–	(21,000)
	---------	--------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	5,000	–
	-------	----

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Shop staff	59	50
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	954,155	751,467
Social security costs	56,053	36,427
Other pension costs	494,682	11,941
	------------	---------
	1,504,890	799,835
	------------	---------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	35,640	3,300
Company contributions to defined contribution pension plans	360,000	–
	---------	-------
	395,640	3,300
	---------	-------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	3	–
	----	----

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	5,202	29,778
	-------	--------

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	–	715
	----	----

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	192,890	289,714
Adjustments in respect of prior periods	–	( 1,537)
	---------	---------
Total current tax	192,890	288,177
	---------	---------

Deferred tax:

Origination and reversal of timing differences	16,168	10,313
	---------	---------
Tax on profit	209,058	298,490
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	732,843	1,166,079
	---------	------------
Profit on ordinary activities by rate of tax	183,211	291,520
Adjustment to tax charge in respect of prior periods	–	( 1,537)
Effect of expenses not deductible for tax purposes	6,657	–
Effect of capital allowances and depreciation	3,022	( 1,806)
Deferred taxation	16,168	10,313
	---------	------------
Tax on profit	209,058	298,490
	---------	------------

13. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Equity dividends on ordinary shares	50,000	64,750
Equity dividends on 'A' ordinary shares	50,000	64,750
Equity dividends on 'B' ordinary shares	174,000	174,000
	---------	---------
	274,000	303,500
	---------	---------

14. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	2,093,160	582,077	16,373	2,691,610
Additions	2,624,748	119,725	–	2,744,473
	------------	---------	--------	------------
At 31 March 2025	4,717,908	701,802	16,373	5,436,083
	------------	---------	--------	------------
Depreciation
At 1 April 2024	590,336	383,142	16,373	989,851
Charge for the year	76,844	55,559	–	132,403
	------------	---------	--------	------------
At 31 March 2025	667,180	438,701	16,373	1,122,254
	------------	---------	--------	------------
Carrying amount
At 31 March 2025	4,050,728	263,101	–	4,313,829
	------------	---------	--------	------------
At 31 March 2024	1,502,824	198,935	–	1,701,759
	------------	---------	--------	------------

15. Stocks

	2025	2024
	£	£
Petrol and shop stock	560,300	347,027
	---------	---------

16. Debtors

	2025	2024
	£	£
Prepayments and accrued income	10,772	27,316
Other debtors	1,000	1,000
	--------	--------
	11,772	28,316
	--------	--------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	1,000	1,000
	-------	-------

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,137,674	906,823
Accruals and deferred income	9,408	4,178
Social security and other taxes	295,465	360,100
Other creditors	15,235	–
	------------	------------
	1,457,782	1,271,101
	------------	------------

18. Provisions

	Deferred tax (note 19)
	£
At 1 April 2024	47,622
Additions	16,168
	--------
At 31 March 2025	63,790
	--------

19. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 18)	63,790	47,622
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	63,790	47,622
	--------	--------

20. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 494,682 (2024: £ 11,941 ).

21. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	61	61	61	61
Ordinary 'A' shares of £ 1 each	19	19	19	19
Ordinary 'B' shares of £ 1 each	20	20	20	20
	----	----	----	----
	100	100	100	100
	----	----	----	----

22. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

23. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	3,048,163	(2,356,165)	691,998
	------------	------------	---------

G. H. Griffiths & Sons Limited

Notes to the Financial Statements (continued)

Year ended 31 March 2025

24. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	30,000	30,000
Later than 1 year and not later than 5 years	125,000	120,000
Later than 5 years	–	25,000
	---------	---------
	155,000	175,000
	---------	---------

25. Related party transactions

During the year the company paid dividends of £224,000 (2024: £303,500) to related parties that have control or significant influence over the entity.